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> Has this person made a ton of money investing or otherwise deploying their economic theories? If not, then it's likely the falsehoods are on their end. This
by throwawaymath 8y ago
> Has this person made a ton of money investing or otherwise deploying their economic theories? If not, then it's likely the falsehoods are on their end.
This is a terrible heuristic for deciding if someone understands economics. Economics is far more nuanced than that, and it's very possible to be able to show something non-constructively.
- malvosenior 8y agoIf you truly understand a system you should be able to navigate it successfully. I certainly wouldn't take advice from someone who can't quantifiably show that they know what they're talking about. That this person can't compile a convincing list with evidence just further shows that they aren't worth listening to.
- lenticular 8y agoYour confidence is severely out of tune with your knowledge in this field. You can't claim you have any quantifiable knowledge either, since the EMH holds very rarely.
- Nasrudith 8y agoThat assumes no other preconditions apply that would prevent them from taking advantage. Knowing heavier than air flight is possible doesn't allow one to build a 747 on a desert island.